Bank customers' dilemma continues on seventh day after demonetisation

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Dilemma of the people remained the same on the seventh day after the Union Government’s decision of scrapping the currency notes of ` 500 and `1000 due to failure of the ATMs.

Residents of the city queued in front of the ATMs but failed to dispense any cash as most of the machines were running out of the cash on Tuesday while, the shutters of the other ATMs remained closed.

Apart from ATMs, the post offices of the city also remained crowded. long serpentine queues were witnessed at the post offices on Tuesday. 

Moreover, the farmers of the state are puzzled as the Reserve Bank of India (RBI) has directed the cooperative banks to stop the exchange of defunct currency notes. The farmers of the State are raged due to this decision of RBI. 

Notably, several people have died in the state in the queues for exchanging the money in the state. A bank official has also died while working in the bank in Bhopal.

heavy rush witnessed at the ATMs located at Roshanpura Square, Nehru Nagar, Depot Square, MP Nagar and TT Nagar as these ATMs were dispensing money. People remained in queue most of the time at these ATMs. Many ATMs also displayed the notice that ATMs were closed temporarily or were ‘out of service’. People were found queued in the lines in front of the banks and the ATMs even before 7 am.

The officials of the Income tax department are also conducting raids in the state. IT officials have conducted various raids in various prominent jewelry shops of the state.

However, the government has extended the use of old defunct `500 and `1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24. The government has also extended suspension of toll on National Highways across the country till midnight of November 18.

Anyhow, many private organizations and people of the city have also supported the union government’s decision of scrapping the currency6 notes of `500 and `1000.

Madhya Pradesh Rashtrabhasha Prachar Samiti Yuva Manch organized a meeting in order to support the Union Government’s decision.

“This decision of Prime Minister Narendra Modi would benefit the people of the country. The people should support this decision,” says Yuva Manch’s Volunteer Alpana laghate. 

Daily Pioneer
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